Tax borne by company
http://ctim.org.my/file/news/14/01563_Tax%20Borne%20by%20Employers%20-%20PR%2002-2006%20(170106).pdf WebPrincipal of Abhilaash Subramaniam & Co, a general practice Firm with a focus on Litigation and Advisory in the areas of Tax, ESG, Administrative Law and Compliance (Competition Law, PDPA, Anti-Bribery Laws) Co-founder of Legal Tech Startup, LXE Theory which seeks to digitise and modernise the way law firms manage their practices. This was a project …
Tax borne by company
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WebTAX BORNE BY EMPLOYERS 11/2016 Date Of Publication: 8 December 2016 Page 1 of 25 1. Objective The objective of this Public Ruling (PR) is to explain the computation of – (a) … WebGenerally, your company ('payer') is required to withhold tax on interest paid to a non-resident, unless tax exemption or waiver of withholding tax obligation is granted. In some …
WebJan 11, 2024 · When tax is borne by the employer on behalf of the employee, it is considered a perquisite as defined in Section 17(2 (iv). It is in the nature of an obligation and hence, non-monetary. Therefore, as per Section 10(10CC), tax paid on such non-monetary perquisites by the employer will be exempt from tax in the hands of the employee.
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